Alternative spelling of NINJA loan

(banking, finance) A loan that is repaid over time with a set number of regularly scheduled payments, and may or may not include a balloon payment. A home loan, a student loan, or an auto loan, for example, may be considered a type of installment loan.

A subprime loan issued to borrowers with no job, income, or assets.

A mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.

(finance) A mortgage loan to a borrower with no verified or stated income or assets. / A mortgage loan to a borrower with no income or assets.

(countable) A loan taken for the purpose of purchasing a house, or other type of residential property.

(finance, business) A type of secured loan where borrowers can use their vehicle title as collateral.

(countable) A loan taken for the purpose of purchasing an automobile.

(finance, business) A loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who issues the loan.

A new lexeme – by native means – for an importation, that latter is any word formally containing foreign elements.